Bloomfield Health Insurer Cigna To Buy Express Scripts In $67 Billion Deal
The combination will "drive greater affordability," improve links within health care and prescriptions, while simplifying health care for customers, the companies said Thursday.
Objectives of the deal resemble the
"We love the expansion of choice," Cordani said.
The two companies said the purchase will lead to expanded consumer choice with medical, behavioral, specialty pharmacy and other health services.
The combined company will use a network of "delivery system partnerships" to connect individuals and their health care providers, "providing a more coordinated approach to an individual's health care," the companies said.
Analyst
When the deal closes later this year or early 2019, Cigna shareholders will own about 64 percent of the combined company, which will keep Cigna's name.
Cordani will be CEO of the combined company.
Part of the Cigna-Express Scripts deal's price tag includes
Cigna last year terminated a merger agreement with
Numerous deals, such as a joint venture between
The Affordable Care Act also is forcing health insurers and others in the industry to consolidate in response to broader federal involvement in health care and uncertainty caused by revisions in the law by
Amazon,
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